Hedge Fund That Made 6,000% on VIX Jump Bets on Next Blow-Up
- Austin, Texas-based Houndstooth targets long-volatility ETF
- Traders may be caught off-guard in swift return to equity calm
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A hedge fund that reaped an outrageous gain in February’s vol-mageddon is eyeing a fresh target.
Houndstooth Capital Management LLC secured a 6,000 percent return from a bearish bet on an exchange-traded product tied to calm markets.